South Korean tyre maker Hankook Tire is investing almost EUR540 million to expand its plant in Rácalmás, located in Fejér County. It says it will be adding a truck/bus radial tyre production line to its European plant. This expansion proposal…
Category: Investments
Pirelli opens R&D centre in Mexico
Italian tyre maker Pirelli recently inaugurated in Silao, Mexico, its first R&D centre in the country. This project has an investment of US$15 million, over a period of two years, and has an area of more than 6,000 sq m…
Toyoda Gosei invests in safe driving assist devices firm
Japan’s Toyoda Gosei Co has invested1 in start-up Pyrenee Inc, which is developing safe driving assistance devices to achieve safer mobility in society. Pyrenee Drive, developed by Pyrenee Inc., is a retrofit device that assists the cognitive aspect of safe…
China’s Wanli to invest in tyre plant in Cambodia
With the recent announcement of the start-up by China’s General Tire of its Sihanoukville plant, now another Chinese tyre major, Wanli Tire Corporation, is looking at investing in Cambodia. Wanli Tire expressed the interest when a delegation of top officials…
Trelleborg invests in new facility for marine solutions in Vietnam
Sweden’s Trelleborg Group has decided to invest in a completely new manufacturing facility in Vietnam for mainly marine solutions, such as marine construction, infrastructure, and fenders. The investment is part of a larger restructuring project where Trelleborg concentrates manufacturing in…
Michelin to invest US$100 mn in Kansas facility; expanding rubber tracks capacity
French tyre maker Michelin has announced its plan to invest more than US$100 million into its Junction City, Kansas, operations in the US over the next five years to increase production capacity of tracks for agricultural equipment. The investment, part…
Elliott pumps up investment in Goodyear; pushes for financial reforms
Activist investor Elliott Investment Management LP, which manages funds that have an investment representing an approximately 10% economic interest in Goodyear Rubber & Tire Company, wants the company to strengthen its financial position by refreshing the board, selling its stores…
JK Tyre to expand capacity with US$30 mn investment
Having recently received an investment of US$30 million from the International Finance Corporation (IFC), Indian tyre maker JK Tyre and Industries Limited is on an expansion drive. It expects to invest part of this into the manufacturing capacity of its…
Prometeon Tyre to invest EUR30 mn in Egyptian facility upgrade
Italian tyre maker Prometeon Tyre says that it will be investing around EUR30 million for technological upgrading of its facility in Alexandria to bring production up to 1.1 million tyres/year, while enhancing the quality procedures. Prometeon says the upgrading includes…
Pirelli invests EUR114 mn in expansion at Mexican plant
On the occasion of the tenth anniversary of the founding of the Silao factory in Mexica, tyre maker Pirelli has started a EUR114-million investment – already envisaged in the 2021-2022 | 2025 industrial plan. The construction – planned for the…